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HomeBusinessK-ELECTRIC: FINANCIAL STATEMENTS DELAYED PENDING NEPRA APPROVAL

K-ELECTRIC: FINANCIAL STATEMENTS DELAYED PENDING NEPRA APPROVAL

KARACHI: K-Electric Limited jo ek listed company hai, ko Companies Act, 2017 ke Section 237 ke mutabiq apni financial statements ki manzoori, circulation aur file karne ki zarurat hoti hai. Iske ilawa, company ke financial statements NEPRA ke manzoor shuda Multi Year Tariff (MYT) par mabni hoti hain.

Company ab bhi NEPRA ke sath apne petitions ke timely ikhtitam ke liye Jun 2023 ke baad MYT ka intezar kar rahi hai. Lekin manzoor MYT ke na hone ki wajah se, 31 December 2023 tak ke aadhe sal ke financial statements ko stipulated timeframe mein finalize karna mumkin nahi hai.

Company ne pehle hi apne dono apex regulators, ya’ni NEPRA aur Securities and Exchange Commission of Pakistan ko is mamle mein agah kiya hai. Company ka koi irada nahi hai kisi bhi qanoon ya regulatory framework ko torne ka, aur woh apne zimedariyon ko behtareen taur par pura karne ke liye tamam koshishen kar rahi hai, jo uske ikhtiyarat mein hain. Aur NEPRA ke sath MYT ka jald se jald tay kiya jana bhi Company ka maqsad hai.

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